Gold Up, But Headed For Worst Month In Seven On U.S. Rate Hike Bets Updated By (www.wincommodity.com)

Gold was up on Friday morning in Asia, as worrying U.S. GDP data drove some investors towards the safe-haven asset. However, the yellow metal is set for its biggest monthly drop since September 2021 as the U.S. Federal Reserve is widely expected to aggressively hike interest rates when it hands down its policy decision in the following week.

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